Scout24 AG (G24) Fair Value & Analysis
Communication Services · DE · Market cap €5.2B · ISIN DE000A12DM80
What is Scout24 AG really worth?
A strong business, currently priced close to our fair value of €80.30.
Strengths
For context
Fair value as of: Sep 5, 2026
From 16 valuation models · updated today
Share price −0.4% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- A fairly wide model range (€52.36 to €100.73) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.
How to read this chart
60‑month range €43.64 – €119.74 · fair‑value band €52.36 – €100.73 · the €76.10 price screens below the €80.30 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 5, 2026.
Analysis
Scout24 AG (G24) currently trades at €76.10, while our model-based Fair Value estimate is €80.30, implying the stock looks roughly 5.2% fairly valued today. The Quality Score stands at 81/100 (high quality), in the Communication Services sector. Bull case: the DCF Models group reads highest at a median of €78.83 per share, and 6 of the 16 models we run sit above the €76.10 price. Bear case: the Asset-Based group reads lowest at €14.00, and 10 of the 16 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Scout24 AG generated revenue of €692M at a net margin of 37.4%. Revenue grew 14.0% year over year. It earns a return on equity of 17.7%. Net debt stands at €100M. Fundamentals as of Sep 5, 2026
Our scenario range runs from €52.36 (bear case) to €100.73 (bull case); at €76.10, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 38% below its 52-week high and 21% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at −6% fair-value upside, at 6%, G24 screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly €1.43 per share, which is 1.8 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 16 models by family
Widest divergence: DCF Models (€78.83) versus Asset-Based (€14.00). Highest evidence: FCF DCF (78).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 75 · Market factors (momentum, volatility) 41
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Scout24 SE operates ImmoScout24, a digital marketplace for the residential and commercial real estate sectors in Germany and internationally. The company operates through Professional and Private segments.
Full company description
Scout24 SE operates ImmoScout24, a digital marketplace for the residential and commercial real estate sectors in Germany and internationally. The company operates through Professional and Private segments. It offers Pay-per-ad, for listing real estate without membership; Realtor Lead Engine (RLE) for selling real estate; Mortgage Lead Engine; CRM software solutions for real estate agents; and ESG energy performance certificates. In addition, the company provides software solutions for real estate valuations, such as viewings and expert opinions; an automated valuation model, a product for the automated valuation of real estate through application programming interfaces; provision of transaction-related documents for real estate professionals; and training courses, digital training, and education software. Further, it offers SearchPlus and SearchPlus for buying, which offers market analysis and a digital document folder; LivingPlus for digital services and legal protection; and LettingPlus, a cloud-based software solution to supports private landlords in rental and property management. It offers its products under the ImmoScout24, FLOWFACT, Vermietet.de, immoverkauf24, Propstack, BaufiTeam, SPRENGNETTER, Wohnungsboerse, bulwiengesa, EXPLOREAL, neubau kompass, and ENERGIE AUSWEIS 48 brand names. The company serves residential and business real estate agents, appraisers, financing intermediaries and banks, consumers, homeowners, and commercial service providers. The company was formerly known as Scout24 AG and changed its name to Scout24 SE in October 2021. Scout24 SE was founded in 1998 and is headquartered in Berlin, Germany.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Scout24 AG reported revenue of €650M in FY2025 versus €389M in FY2021, a compound +13.7%/yr. Reported net income was €240M in FY2025, compounding +27.6%/yr from FY2021.
of which total revenue +3.8 % · buybacks/dilution +4.4 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Scout24 Q2 Earnings Call Highlights
- Scout24 SE: Annual General Meeting Approves all Proposed Resolutions; Dividend Increased Again
- Scout24 SE (ETR:G24) Passed Our Checks, And It's About To Pay A €1.50 Dividend
- Scout24 SE (ETR:G24) Just Released Its First-Quarter Results And Analysts Are Updating Their Estimates
Peer Group
Internet Content & Information · 153 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Internet Content & Information median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Internet Content & Information stocks, each showing price versus our Fair Value estimate (as of Sep 5, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Alphabet Inc GOOGL | $340.65 | $145.14 | −57% |
| Meta Platforms, Inc META | $571.10 | $534.91 | −6% |
| Tencent Holdings 0700 | HK$455.20 | HK$449.03 | −1% |
| Spotify Technology S.A SPOT | $547.51 | $211.87 | −61% |
| Reddit, Inc RDDT | $153.29 | $39.59 | −74% |
| Baidu, Inc 89888 | HK$79.10 | HK$28.84 | −64% |
| Kuaishou Technology, an investment holding company, 81024 | HK$34.50 | HK$63.28 | +83% |
| NAVER Corporation 035420 | 213,500 KRW | 231,585 KRW | +8% |
| Tencent Music Entertainment Group 1698 | HK$35.14 | HK$66.77 | +90% |
| REA Group REA | A$177.42 | A$88.53 | −50% |
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